UK DMO begins marketing 40-year inflation-linked bond

By Michael Turner

LONDON, Nov 29 (IFR) - The United Kingdom Debt Management Office has started marketing a new 40-year inflation-linked Gilt at 2-2.75bp over its existing 2058 linker, according to a lead.

The November 2056 deal is expected to have a benchmark size and will pay a coupon of 0.125%.

Bank of America Merrill Lynch, Deutsche Bank, Morgan Stanley (B&D) and Scotiabank are running the Reg S deal, which will price on Tuesday.

The UK is rated Aa1 by Moody's and AA by S&P and Fitch, all with a negative outlook. (Reporting by Michael Turner, Editing by Helene Durand)

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